Val Verde Hospital Corporation
- Assets
- $49.3m
- Revenue
- $78.5m
- Investments
- $0.0
- Employees
- 729
- Location
- Del Rio, TX
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 74-2941598
Organization Overview
Val Verde Hospital Corporation, operating under the name Val Verde Regional Medical Center, is located in Del Rio, TX. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Val Verde Regional Medical Center employed 729 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Val Verde Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Val Verde Regional Medical Center generated $78.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $82.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE LIVE TO DELIVER HEALTHCARE OUR COMMUNITY CAN TRUST.
Describe the Organization's Program Activity:
RADIOLOGY: PROVIDED PERSONNEL, SUPPLIES, FACILITIES AND EQUIPMENT FOR 9,702 CT PROCEDURES, 2,327 MRI PROCEDURES, 335 NUCLEUR MED PROCEDURES, 18,838 RADIOLOGY PROCEDURES, 7,338 ULTRASOUND PROCEDURES, 2,750 MAMMOGRAMS, 1,591 INTERVENTIONAL RADIOLOGY PROCEDURES, 1,765 DIAGNOSTIC IMAGING PROCEDURES.
LABORATORY SERVICES: PROVIDED PERSONNEL, SUPPLIES, FACILITIES AND EQUIPMENT FOR 249,859 DIAGNOSTIC TESTS.
EMERGENCY ROOM: PROVIDED PERSONNEL, SUPPLIES, FACILITIES AND EQUIPMENT FOR 24,052 VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Di Blasi Physician | 40 | $692,674 | |
Terry M Lindsey Chief Of Staff | Trustee | 40 | $578,445 |
Kenneth P Moore Physician | 40 | $550,802 | |
Ira L Floyd Physician | 40 | $505,797 | |
David Hernandez Physician | 40 | $480,150 | |
Mark G Manning Physician | 40 | $452,031 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Victoria Emergency Partners Llc Physician Fees | 6/29/22 | $1,289,640 |
Fisher Scientific Company Llc Scientific Tech Svs | 6/29/22 | $555,947 |
Dlc Wellness Physician Services | 6/29/22 | $551,875 |
Zadorozny Anesthesia Svcs Inc Anesthesia Services | 6/29/22 | $387,616 |
Cloudmed Revenue Tech Svcs | 6/29/22 | $373,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,574,016 |
| Government grants | $2,938,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,697,945 |
| Total Program Service Revenue | $72,158,337 |
| Investment income | $34,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,467,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,067,657 |
| Compensation of current officers, directors, key employees. | $1,472,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,922,109 |
| Pension plan accruals and contributions | $795,857 |
| Other employee benefits | $2,539,437 |
| Payroll taxes | $2,313,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,190 |
| Fees for services: Accounting | $266,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,490,537 |
| Advertising and promotion | $121,548 |
| Office expenses | $1,611,348 |
| Information technology | $2,810,705 |
| Royalties | $0 |
| Occupancy | $2,144,122 |
| Travel | $46,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,986 |
| Interest | $72,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,534,996 |
| Insurance | $792,160 |
| All other expenses | $301,763 |
| Total functional expenses | $82,150,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,170 |
| Savings and temporary cash investments | $8,200,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,249,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,219,012 |
| Prepaid expenses and deferred charges | $1,937,711 |
| Net Land, buildings, and equipment | $18,866,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,867,784 |
| Total assets | $49,343,518 |
| Accounts payable and accrued expenses | $7,696,241 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $112,852 |
| Other liabilities | $9,215,854 |
| Total liabilities | $17,024,947 |
| Net assets without donor restrictions | $32,318,571 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,343,518 |